HIGH POINT UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HIGH POINT UNIVERSITY (EIN 56-0529999)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-14
- IRS object ID
- 201301049349300010
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-14T15:05:03-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205907591 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITH LEONARD PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4035 PREMIER DRIVE SUITE 300 | AddressLine1 |
| City | HIGH POINT | City |
| State | NC | State |
| ZIP Code | 27265 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560529999 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGH POINT UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HIGH | NameControl |
| Phone | 3368419000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 MONTLIEU AVENUE | AddressLine1 |
| City | HIGH POINT | City |
| State | NC | State |
| ZIP Code | 27262 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBI S BUTT | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 3368419000 | Phone |
| Date Signed | 2013-04-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANICE SEVERT | Name |
| PTIN | P00522710 | PTIN |
| Phone | 3368830181 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DENNY G BOLTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 MONTLIEU AVENUE | AddressLine1 |
| City | HIGH POINT | City |
| State | NC | State |
| ZIP Code | 27262 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 191313765 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.HIGHPOINT.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1928 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 46 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 43 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2039 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 32915 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 31195 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 25634689 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 16074859 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 123226957 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 147028264 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 821916 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2991275 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1465534 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2559407 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 151149096 | TotalRevenuePriorYear |
| Total Revenue Current Year | 168653805 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18924300 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21816654 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 36014672 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 40682126 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 627196 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 59248482 | OtherExpensePriorYear |
| Other Expenses Current Year | 66907284 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 114187454 | TotalExpensesPriorYear |
| Total Expenses Current Year | 129406064 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 36961642 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 39247741 | RevenuesLessExpensesCY |
| Total Assets BOY | 396965184 | TotalAssetsBOY |
| Total Assets EOY | 439206046 | TotalAssetsEOY |
| Total Liabilities BOY | 188760682 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 198503078 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 208204502 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 240702968 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 76773008 | Expense |
| Grants | 21650154 | Grants |
| Revenue | 104474779 | Revenue |
| Description | HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED, UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 4300 OF UNDERGRADUATE STUDENTS THROUGH ITS HAYWORTH COLLEGE OF ARTS & SCIENCES, PHILLIPS SCHOOL OF BUSINESS, QUBEIN SCHOOL OF COMMUNICATIONS, AND SCHOOLS OF ART & DESIGN, EDUCATION, HEALTH SCIENCES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1004999 | Expense |
| Revenue | 2766351 | Revenue |
| Description | HIGH POINT UNIVERSITY ALSO SERVES APPROXIMATELY 325 ADULT CONTINUING EDUCATION AND GRADUATE STUDENTS THROUGH ITS NORCROSS GRADUATE SCHOOL. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 77778007 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 234 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2039 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 46 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 43 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENNY BOLTON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3368419000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 MONTLIEU AVENUE | AddressLine1 |
| City | HIGH POINT | City |
| State | NC | State |
| ZIP Code | 27262 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (62 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| ELIZABETH ALDRIDGE | ||||||||
| BOARD SECRETARY/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| KATHERINE M BOLES | ||||||||
| CHAIR STUDENT LIFE COMMITTEE/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| L PAUL BRAYTON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ROBERT J BROWN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RICHARD P BUDD | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LYNNE CALDWELL | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DORIS R COGGIN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| EARL CONGDON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| FLOYD T CRAVEN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ROBERT G CULP III | ||||||||
| CHAIR INVESTMENT COMMITTEE/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JAMES L CRESSIMORE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JOHN FINCH | ||||||||
| CHAIR/FINANCE COMMITTEE | 0.00 | X | 0 | 0 | 0 | |||
| SHIRLEY FRYE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CHRISTOPHER L HENSON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DAVID L FRANCIS | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| THOMAS S HAGGAI | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| C FELIX HARVEY III | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DONALD W HAYNES | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DAVID R HAYWORTH | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| WILLIAM R HENDERSON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| THOMAS E INGRAM | ||||||||
| CHAIR ACADEMIC AFFAIRS/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RONALD L JONES | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| WILLIAM V KESTER JR | ||||||||
| BOARD CHAIR/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MIRIAM O KIMSEY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| PETER A MAHLER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| KATHERINE K MAYNARD | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MEREDITH S MICHENER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JAMES H MILLIS JR | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MOLLY MILLIS-HEDGECOCK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ADNAN M MJALLI | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MARK A NORCROSS | ||||||||
| CHAIR UNIVERSITY ADVANCEMENT/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JOHN C SLANE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MARSHA B SLANE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ASHLEY CROWDER STANLEY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| J ROBERT STOUT | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ROBERT E STROUPE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RICHARD F VERT | ||||||||
| BOARD VICE CHAIR/TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ANNE KERR WALKER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| COY O WILLIARD JR | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CHARLES W WILSON II | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| FRED E WILSON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| PLATO S WILSON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| WILLIAM F WOMBLE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| W VANN YORK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| J ALEXANDER WARD | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| GENE C KESTER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| NIDO QUBEIN | ||||||||
| PRESIDENT | 40.00 | 948323 | 0 | 42495 | X | |||
| D ANDREW BILLS | ||||||||
| VICE PRESIDENT | 40.00 | 200467 | 0 | 20520 | X | |||
| DENNIS CARROLL | ||||||||
| VICE PRESIDENT | 40.00 | 209802 | 0 | 18089 | X | |||
| CHRISTOPHER DUDLEY | ||||||||
| VICE PRESIDENT | 40.00 | 196102 | 0 | 27254 | X | |||
| DONALD SCARBOROUGH | ||||||||
| VICE PRESIDENT | 40.00 | 153969 | 0 | 17035 | X | |||
| GAIL TUTTLE | ||||||||
| VICE PRESIDENT | 40.00 | 156974 | 0 | 14352 | X | |||
| WELLINGTON DESOUZA | ||||||||
| VICE PRESIDENT | 40.00 | 158312 | 0 | 14573 | X | |||
| DENNY G BOLTON | ||||||||
| VICE PRESIDENT | 40.00 | 48734 | 0 | 3757 | X | |||
| ELIZABETH BRAXTON | ||||||||
| VICE PRESIDENT | 40.00 | 72342 | 0 | 8547 | X | |||
| SCOTT CHERRY | ||||||||
| COACH | 40.00 | 210801 | 0 | 17638 | X | |||
| CRAIG KEILITZ | ||||||||
| ATHLETIC DIRECTOR | 40.00 | 132898 | 0 | 8942 | X | |||
| JAMES WEHRLEY | ||||||||
| DEAN/PROFESSOR | 40.00 | 134250 | 0 | 8267 | X | |||
| DANIEL ERB | ||||||||
| DEAN/PROFESSOR | 40.00 | 180141 | 0 | 21792 | X | |||
| ERIC HEGEDUS | ||||||||
| PROFESSOR | 40.00 | 147916 | 0 | 16621 | X | |||
| WILLIAM DUNCAN | ||||||||
| FORMER VICE PRESIDENT | 40.00 | 93668 | 0 | 9000 | X | |||
| JACOB C MARTINSON | ||||||||
| FORMER PRESIDENT, HONORARY TRUSTEE | 0.00 | 35339 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3080038 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 248882 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FRANK L BLUM CONSTRUCTION | |||||
| 830 EAST 25TH STREET | WINSTONSALEM | NC | 27105 | CONSTRUCTION | 20566642 |
| ARAMARK SERVICES | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | FOOD SERVICE | 10410077 |
| BUDD GROUP | |||||
| 2325 S STRATFORD ROAD | WINSTONSALEM | NC | 27103 | MAINTENANCE SERVICES | 4753015 |
| SHELCO INC | |||||
| 1381 OLD MILL CIRCLE | WINSTONSALEM | NC | 27103 | CONSTRUCTION | 4410200 |
| FENCE BUILDERS INC | |||||
| 1230 OLD SALISBURY ROAD | WINSTONSALEM | NC | 27127 | CONSTRUCTION | 1830530 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 1639006 | GovernmentGrants |
| All Other Contributions | 14435853 | AllOtherContributions |
| Total Contributions | 16074859 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT TUITION & FEES | 611710 | 107241130 | 107241130 |
| RESIDENCE HALL FEES | 721310 | 21202747 | 21202747 |
| CAFETERIA/MEALS | 722210 | 17904616 | 17904616 |
| INTERCOLLEGIATE ATHLET | 611710 | 352947 | 352947 |
| BOOKSTORE | 611710 | 325064 | 325064 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1760 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1760 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 147028264 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1219793 | TotalRevenueColumn |
| Unrelated Business Revenue | 32915 | UnrelatedBusinessRevenue |
| Exclusion | $1,186,878 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4415265 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3103250 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1312015 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1312015 | TotalRevenueColumn |
| Exclusion | $1,312,015 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 21278802 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 19507320 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1771482 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1771482 | TotalRevenueColumn |
| Exclusion | $1,771,482 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 70057 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 49390 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20667 | TotalRevenueColumn |
| Exclusion | $20,667 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SUMMER CONFERENCES & O | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 1226725 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1226725 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1226725 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 168653805 | TotalRevenueColumn |
| Related Or Exempt Function Income | 148254989 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 32915 | UnrelatedBusinessRevenue |
| Exclusion | $4,291,042 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166500 | Total |
| Program Services | 166500 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21650154 | Total |
| Program Services | 21650154 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2449650 | Total |
| Management And General | 2449650 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32164847 | Total |
| Program Services | 26150428 | ProgramServices |
| Management And General | 5739413 | ManagementAndGeneral |
| Fundraising | 275006 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1569000 | Total |
| Program Services | 1569000 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4498629 | Total |
| Program Services | 3313297 | ProgramServices |
| Management And General | 1122495 | ManagementAndGeneral |
| Fundraising | 62837 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242065 | Total |
| Management And General | 242065 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15056724 | Total |
| Program Services | 10445066 | ProgramServices |
| Management And General | 4611658 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 914433 | Total |
| Program Services | 2151 | ProgramServices |
| Management And General | 912282 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9190792 | Total |
| Program Services | 4274350 | ProgramServices |
| Management And General | 4627089 | ManagementAndGeneral |
| Fundraising | 289353 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7314253 | Total |
| Program Services | 5248227 | ProgramServices |
| Management And General | 2066026 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 890023 | Total |
| Program Services | 818435 | ProgramServices |
| Management And General | 71588 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3735780 | Total |
| Management And General | 3735780 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19569053 | Total |
| Management And General | 19569053 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1001727 | Total |
| Management And General | 1001727 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| INTERCOLLEGIATE PROGRAM | 2023387 | 2023387 | |
| SPECIAL EVENTS | 1577475 | 577114 | 1000361 |
| GRAD SCHOOL PROGRAM | 187047 | 187047 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5204525 | Total |
| Program Services | 1352851 | ProgramServices |
| Management And General | 3851674 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129406064 | Total |
| Program Services | 77778007 | ProgramServices |
| Management And General | 51000861 | ManagementAndGeneral |
| Fundraising | 627196 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7074636 | BOY |
| EOY | 9436122 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3125900 | BOY |
| EOY | 3477868 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17249189 | BOY |
| EOY | 13622838 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3882167 | BOY |
| EOY | 3848337 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 646454 | BOY |
| EOY | 819594 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 466692840 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 99097440 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 313442927 | BOY |
| EOY | 367595400 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36030806 | BOY |
| EOY | 33271636 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15513105 | BOY |
| EOY | 7134251 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 396965184 | BOY |
| EOY | 439206046 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17093334 | BOY |
| EOY | 23923305 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 6434351 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 20485000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165291429 | BOY |
| EOY | 146050475 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6375919 | BOY |
| EOY | 1609947 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188760682 | BOY |
| EOY | 198503078 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163134489 | BOY |
| EOY | 197213616 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7003305 | BOY |
| EOY | 7113034 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38066708 | BOY |
| EOY | 36376318 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 208204502 | BOY |
| EOY | 240702968 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 396965184 | BOY |
| EOY | 439206046 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 39247741 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -6749275 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 865354 | AssetsInPartX |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | EDUCATION | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37717174 | BeginningOfYearBalance |
| Contributions | 1962000 | Contributions |
| Investment Earnings Or Losses | -2113175 | InvestmentEarningsOrLosses |
| Other Expenditures | 1048278 | OtherExpenditures |
| Administrative Expenses | 152786 | AdministrativeExpenses |
| End Of Year Balance | 36364935 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 32771340 | BeginningOfYearBalance |
| Contributions | 1366000 | Contributions |
| Investment Earnings Or Losses | 5661902 | InvestmentEarningsOrLosses |
| Other Expenditures | 1924801 | OtherExpenditures |
| Administrative Expenses | 157267 | AdministrativeExpenses |
| End Of Year Balance | 37717174 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26486849 | BeginningOfYearBalance |
| Contributions | 700000 | Contributions |
| Investment Earnings Or Losses | 7781995 | InvestmentEarningsOrLosses |
| Other Expenditures | 2051000 | OtherExpenditures |
| Administrative Expenses | 146504 | AdministrativeExpenses |
| End Of Year Balance | 32771340 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40604389 | BeginningOfYearBalance |
| Contributions | 1581828 | Contributions |
| Investment Earnings Or Losses | -13243293 | InvestmentEarningsOrLosses |
| Other Expenditures | 2148800 | OtherExpenditures |
| Administrative Expenses | 307275 | AdministrativeExpenses |
| End Of Year Balance | 26486849 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 39857916 | InvestmentCostOrOtherBasis |
| Book Value | 39857916 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 304280483 | InvestmentCostOrOtherBasis |
| Depreciation | 49639773 | Depreciation |
| Book Value | 254640710 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 30620503 | InvestmentCostOrOtherBasis |
| Depreciation | 6781253 | Depreciation |
| Book Value | 23839250 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 60243098 | InvestmentCostOrOtherBasis |
| Depreciation | 42676414 | Depreciation |
| Book Value | 17566684 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 31690840 | InvestmentCostOrOtherBasis |
| Book Value | 31690840 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 367595400 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INSURANCE CONTRACT | 293786 | C |
| CORPORATE STOCKS, BONDS & NOTE | 32977850 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 33271636 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS HELD IN CUSTODY | $123,315 |
| FEDERAL & STATE STUDENT LOAN MONIES | $1,486,632 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1609947 | TotalOfAmounts |
| Total Revenue | 168653805 | TotalRevenue |
| Total Expenses | 129406064 | TotalExpenses |
| Excess Or Deficit For Year | 39247741 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4656758 | NetUnrealizedGLOnInvestments |
| Other | -$2,092,517 | OtherAmount |
| Total Adjustments | -6749275 | TotalAdjustments |
| Excess Or Deficit Per FS | 32498466 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 161904533 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4656758 | NetUnrealizedGainsInvestments |
| Other Revenues | -2092514 | OtherRevenues |
| Revenue Not Rptd F990 | -6749272 | RevenueNotRptdF990 |
| Revenue Subtotal | 168653805 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 168653805 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 107755909 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 107755909 | ExpensesSubtotal |
| Other Expenses Not Included | 21650155 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 21650155 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 129406064 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE UNIVERSITY MAINTAINS ART AND OTHER COLLECTIBLES DISPLAYED IN VARIOUS CAMPUS BUILDINGS FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES. | |
| PART X: | IT IS THE UNIVERSITY'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2012 AND 2011. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2008; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION AS WELL AS RELATED PENALTIES AND INTEREST WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN INTEREST RATE SWAP -2,092,514. ROUNDING -3. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,092,517. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| INTEREST RATE SWAP -2,092,514. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| GRANTS AND ALLOCATIONS 21,650,154. ROUNDING 1. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | ALL BROADCASTS & PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PANTHER CLUB AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 49857 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 49857 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 27454 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GOLF TOURNAMENT | NameOfEvent2 |
| Gross Receipts Event2 | 17820 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 17820 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 13691 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 2380 | GrossReceiptsOtherEvents |
| Gross Revenue Other Events | 2380 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 8245 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 70057 | GrossReceiptsTotal |
| Gross Revenue Total Events | 70057 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 49390 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 49390 | DirectExpenseSummaryEvents |
| Net Income Summary | 20667 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| WEST END MINISTRIES | |||||||
| 903 ENGLISH ROAD | HIGH POINT | NC | 27262 | 562273642 | 501(C)(3) | 15000 | GENERAL SUPPORT |
| PIEDMONT TRIAD CLUSTERS OF OPPORTUNITY | |||||||
| 416 GALLIMORE DAIRY ROAD | GREENSBORO | NC | 27409 | 561750279 | 501(C)(3) | 10000 | GENERAL SUPPORT |
| MONTLIEU MATH AND SCIENCE ACADEMY | |||||||
| 1105 MONTLIEU AVE | HIGH POINT | NC | 27262 | 800766931 | 501(C)(3) | 100300 | GENERAL SUPPORT |
| UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS | |||||||
| 1533 SOUTH MAIN STREET | WINSTONSALEM | NC | 27127 | 566064850 | 501(C)(3) | 25000 | GENERAL SUPPORT |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | VARIOUS SCHOLARSHIPS & STUDENT AID | TypeOfGrant |
| Number Of Recipients | 3427 | NumberOfRecipients |
| Amount Of Cash Grant | 21650154 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: HIGH POINT UNIVERSITY AWARDS VARIOUS SCHOLARSHIPS TO STUDENTS TO DETERMINE THAT RECIPIENTS QUALIFY TO RECEIVE PAYMENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NIDO QUBEIN | |||||||||||||
| 642105 | 0 | 1015 | 0 | 305203 | 0 | 19600 | 0 | 22895 | 0 | 990818 | 0 | 0 | 0 |
| D ANDREW BILLS | |||||||||||||
| 198230 | 0 | 1015 | 0 | 1222 | 0 | 10417 | 0 | 10103 | 0 | 220987 | 0 | 0 | 0 |
| DENNIS CARROLL | |||||||||||||
| 207173 | 0 | 1015 | 0 | 1614 | 0 | 16929 | 0 | 1160 | 0 | 227891 | 0 | 0 | 0 |
| CHRISTOPHER DUDLEY | |||||||||||||
| 194146 | 0 | 1015 | 0 | 941 | 0 | 16400 | 0 | 10854 | 0 | 223356 | 0 | 0 | 0 |
| DONALD SCARBOROUGH | |||||||||||||
| 151084 | 0 | 1015 | 0 | 1870 | 0 | 12453 | 0 | 4582 | 0 | 171004 | 0 | 0 | 0 |
| GAIL TUTTLE | |||||||||||||
| 154848 | 0 | 1015 | 0 | 1111 | 0 | 12533 | 0 | 1819 | 0 | 171326 | 0 | 0 | 0 |
| WELLINGTON DESOUZA | |||||||||||||
| 156428 | 0 | 1015 | 0 | 869 | 0 | 12667 | 0 | 1906 | 0 | 172885 | 0 | 0 | 0 |
| SCOTT CHERRY | |||||||||||||
| 162350 | 0 | 1015 | 0 | 47436 | 0 | 8571 | 0 | 9067 | 0 | 228439 | 0 | 0 | 0 |
| DANIEL ERB | |||||||||||||
| 178183 | 0 | 1015 | 0 | 943 | 0 | 9975 | 0 | 11817 | 0 | 201933 | 0 | 0 | 0 |
| ERIC HEGEDUS | |||||||||||||
| 146137 | 0 | 1015 | 0 | 764 | 0 | 7758 | 0 | 8863 | 0 | 164537 | 0 | 0 | 0 |
| WILLIAM DUNCAN | |||||||||||||
| 88984 | 0 | 0 | 0 | 4684 | 0 | 7567 | 0 | 1433 | 0 | 102668 | 0 | 0 | 0 |
| JACOB C MARTINSON | |||||||||||||
| 15339 | 0 | 0 | 0 | 20000 | 0 | 0 | 0 | 0 | 0 | 35339 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 3 | ReturnReference |
| Explanation | AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC CAPITAL FACILITIES FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 561592154 | IssuerEIN |
| CUSIP Number | 65818PJB6 | CUSIPNumber |
| Date Issued | 2011-07-07 | DateIssued |
| Issue Price | 20332782 | IssuePrice |
| Description Of Purpose | CAPITAL SPENDING | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 20332782 | TotalProceeds |
| Issuance Costs From Proceeds | 332594 | IssuanceCostsFromProceeds |
| Capital Expenditures | 20000188 | CapitalExpenditures |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| THE BUDD GROUP | |||
| THE BUDD GROUP CEO, JOSEPH BUDD, IS THE SON OF TRUSTEE RICHARD BUDD | 4354961 | THE BUDD GROUP THAT IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY. | 0 |
| CREATIVE SERVICES | |||
| OWNERS OF CREATIVE SERVICES ARE THE CHILDREN OF NIDO QUBEIN, PRESIDENT | 1260435 | CREATIVE SERVICES PROVIDES PUBLIC RELATIONS AND MARKETING MATERIALS FOR THE UNIVERSITY. THE COMPANY HAS DONE BUSINESS WITH THE UNIVERSITY SINCE 1994, 11 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. | 0 |
| BB&T | |||
| NIDO QUBEIN, PRESIDENT, IS ON THE BOARD OF TRUSTEES OF BB&T | 17340185 | HIGH POINT UNIVERSITY DOES BANKING AND HAS A LINE OF CREDIT WITH BB&T. | 0 |
| SOUTHEASTERN BUILDING SERVICES INC | |||
| MIRIAM KIMSEY, TRUSTEE, IS THE VICE PRESIDENT OF SOUTHEASTERN BUILDING SVC | 384887 | THE COMPANY PROVIDES HVAC MAINTENANCE AND REPAIR SERVICES TO VARIOUS CAMPUS BUILDINGS. | 0 |
| NORCROSS & YORK | |||
| OWNER OF NORCROSS & YORK IS BOARD OF TRUSTEES MEMBER, MARK NORCROSS | 10359 | NORCROSS & YORK PROVIDED THE LIGHTING EQUIPMENT FOR THE SLANE CENTER. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 18120 | NoncashContribsRptdF990 |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 14700 | NoncashContribsRptdF990 |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 93000 | NoncashContribsRptdF990 |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 58175 | NoncashContribsRptdF990 |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 |
|---|---|---|---|
| X | EQUIPMENT | 3 | 2500 |
| X | FLORAL | 6 | 16111 |
| X | VARIOUS | 1 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| THIRD PARTY USE: | PART I, LINE 32B: | OCCASIONALLY THE ORGANIZATION RECEIVES REAL ESTATE AS A GIFT AND WILL HIRE AN INDEPENDENT REAL ESTATE AGENT TO SELL THE PROPERTY. |
| NON REPORTING OF REVENUE: | PART I, LINE 33: | THE ORGANIZATION ONLY RECOGNIZES THROUGH REVENUE THOSE NON-CASH CONTRIBUTIONS EXTERNALLY VALUED IN EXCESS OF A SET AMOUNT PER UNIVERSITY POLICY. IF NON-CASH GIFTS ARE RECEVIED THAT ARE VALUED LESS THAN THEIR PRE-DETERMINED POLICY AMOUNT, THE GIFT IS SUBSTANTIATED TO THE DONOR WITHOUT A VALUE AND IS NOT RECORDED IN REVENUE. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART I, LINE 1 | THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. |
| FORM 990, PART VI, SECTION A, LINE 2 | PRESIDENT NIDO QUBEIN AND VICE PRESIDENT ANDREW BILLS SHARE A BUSINESS RELATIONSHIPS AS BOTH SERVED ON THE BOARD OF GREAT HARVEST BREAD COMPANY DURING THE FISCAL YEAR. BOARD OF TRUSTESS MEMBERS MARSHA AND JOHN SLANE ARE HUSBAND AND WIFE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS CURRENTLY REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT AND THE EXECTIVE VICE PRESIDENT FOR BUSINESS AFFAIRS WITH A COPY PROVIDED TO THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEMENT WHICH THE UNIVERSITY MONITORS ON AN ONGOING BASIS AND REVIEWS THOROUGHLY AT LEAST ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15A | INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,656,758. CHANGE IN INTEREST RATE SWAP -2,092,514. ROUNDING -3. TOTAL TO FORM 990, PART XI, LINE 5: -6,749,275. |
| THE UNIVERSITY'S PROCESS FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED DURING THE YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 1924 HOLDINGS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 MONTLIEU AVENUE | AddressLine1 |
| City | HIGH POINT | City |
| State | NC | State |
| ZIP Code | 27262 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900660924 | EIN |
| Primary Activities | RENTAL | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Total Income | 3914611 | TotalIncome |
| EOY Assets | 9051496 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGH POINT UNIVERSITY | BusinessNameLine1 |
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